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Cathay Pacific profit up 20% but lags market estimate

Net income of HK$3.15b falls short of analysts' consensus of HK$3.49b due to fuel hedge losses

Thursday, March 19, 2015 - 05:50

Cathay CEO Mr Chu had planned to boost investments in new products. The airline is investing in a US-based sustainable biofuel developer to help achieve carbon-neutral growth from 2020.

PHOTO: BLOOMBERG

Hong Kong

CATHAY Pacific Airways Ltd, Asia's largest international airline by number of passengers, has reported profit that lagged behind analyst estimates as losses from fuel hedging masked gains in passenger numbers.